Past Achievements

       

 

  • Introduced a Code of Ethics for Public Listed companies in 1989
  • Made it possible for public listed companies in the construction industry to participate in government tenders for civil works vide Treasury Circular No.711989.
  • Amendments to Section 132E of the Companies Act 1965 and introduction of Section 132F pertaining to substantial transactions involving directors and persons connected with directors.
  • Amendments to Section 132G of the Companies Act 1965 pertaining to exemption clauses under subsection (5) with regard to prohibited transactions involving shareholders, directors and persons connected with such shareholders and directors having substantial shareholdings.
  • Proactive measures towards establishing a Securities Commission in Malaysia including organising a seminar on the subject in 1991 and commissioning an expert from Cambridge University to prepare a detailed paper on the subject for presentation to the Malaysian Government.
  • Arriving at a new definition for "Bumiputra controlled public listed companies" in 1993.
  • Assisting the government towards establishing the Malaysian Accounting Standards Board (MASB). We have been actively involved in the various MASB Working Groups to review a number of existing accounting standards and new ones.
  • Undertaken the responsibility of leading the Working Group under the High Level Finance Committee on Corporate Governance for the formulation of a national code on best practice (The Malaysian Code on Corporate Governance) and comprehensive training and education programmes for directors, shareholders and other corporate participants of plcs during 1998.
  • Played a proactive role in the industry driven initiative towards enhancing corporate governance in 1997 which led to the establishment of the Malaysian Institute of Corporate Governance (MICG) on 10 March 1998 with the FPLC President as the first President of MICG.
  • Obtained self-regulatory approach on continuing education for directors (CEP) programme.
  • Addressed issues with Ministry of Housing and Local Government on Moneylenders (Amendment)ACT 2003 with regard to inter-company loans and staff loans.
  • Views were sought for pragmatic approach in provisions on related Party Transactions with Bursa Malaysia.
  • Participated in the Company Law Forum (CLF) on matters pertaining to the Companies Act 1965 and its subsidiary legislations.
  • Participated in the annual National Chamber of Commerce and Industry of Malaysia (NCCIM) in presenting the "  Efficiency Service Awards (ESA)"